Daily Forecast – Share Market – December 7th, 2023

Nifty may look for 0.5% or so | Sell on rise possible

Mercury, Rahu with Ketu are leading the day, well supported by Moon, Saturn and Mars. Indirectly, entire horoscope is active. Moon is forming decent relationship with Mercury, Mars, and Sun. Mixed cues from foreign market. Especially from US, because the Manufacturing is still on the lower side from past 13 months.

Even though local market may show some jump to look for 21000 for Nifty. Chances of sell on upper levels possible. It will be better to use stop-loss, to protect the profits or gains.

Currency may slide in coming time against USD. Crude oil may remain under pressure.

Areas like defence, engineering, electrical and electronics, banks and financial institutions, IT, aviation, logistics, communication and communication related segments including defence related, space, agriculture, fertilizer, leaf based segments like Tea etc., coffee, FMCG, fashion, gems etc., sea related segments may show some volatility, insurance, pharmaceuticals, and many chemicals, alcohol, acid, gases, non-traditional segments, wind energy, renewable energy, electric based segments including automobile, may remain active along with many more.

Overall day may remain active. Initial movements may remain positive. Sell on rise is possible.

Indian Currency

Indian Rupee may trade in between 82.70 to 83.50 per USD.

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** Before investing or trading please check technical aspects also, it’s a reading based on planetary movements.